A novel data-driven soft sensor is designed for online product quality prediction and control performance modification in industrial units. A combined approach of time variable parameter (TVP) model, dynamic auto regressive exogenous variable (DARX) algorithm, nonlinear correlation analysis and criterion-based elimination method is introduced in this work. The soft sensor performance validation...

Successor planning process in family businesses is recognized as one of the most important phases of family business lifecycle. Family businesses play a vital role in developing regional and global economy and fuel the creation of new jobs, new business growth and increase in entrepreneurial activities. In this study, it was attempted to investigate the impact of family business characteristics...

In the globalization era each and every organization which wants to compete the world’s changing scenario has to adopt changes with time. In case of globalization, privatization and liberalization old traditional strategies of manufacturing and management have already changed. There are no cross border bearers and giants which can operate their operations from more than one country availing...

In the field of risks analysis, the domino effect has been documented in technical literature since 1947. The accidents caused by the domino effect are the most destructive accidents related to industrial plants. Fire and explosion are among the most frequent primary accidents for a domino effect due to the units under pressure and the storage of flammable and dangerous substances. Heat radiati...

Industrial system of economy largely determines its national identity, orientation on innovations, and susceptibility to the development of high-tech industries. There are different points of view on the understanding of the industry as a system. In particular, the industry of the world is reviewed as a «complex, hierarchically organized, polystructural system», as a «set of interrelated elemen...